ParkFirst Early Redemption - Thread for any reports of successful redemptions

AnotherJoe

Souss wrote: »

They would have to give you the actual ref number of your spaces . But again, are you actually an investor? I thought this thread was for input from people who had invested, for updates and news, not from people who like the sounds or their own voices and have actually nothing to do with the case in hand (apologies if you are an actual investor)

A new company would have no obligation to keep the old space layout nor to tell you where your spaces were in relation to the new ones there might even not be a 1:1 correspondence.
I doubt that a new company would even have any obligation to pay you, since your contract was with PF .You've been stitched up and you need to realise that or the next thing will be you losing more money to fraud recovery fraudsters or wasting it on legal action perusing people who have no money.
Anyway I'll leave you folks to discuss your delusions of Chinese billionaires and £37k valuations amongst yourselves.

Aretnap

Ah yes, the how do you tell which spaces are actually being used question. I'd be more interested in how it worked under the original collective investment scheme. Here's a picture of one of Park First's Gatwick car parks.

https://goo.gl/maps/LqKaxMHGiisGv3oF9

Have to say, I'm not seeing a lot of neat white lines and clearly numbered spaces on the ground, so how are you going to tell which bit of land is yours now, let alone when the site is locked up and derelict?

On the other hand maybe it's best not to think too hard about that question. In the original collective investment scheme your returns depended on how often your space was occupied. They are obviously going to be filled according to a set pattern, (as the back spaces are only accessible when the front spaces are empty). So a space at the back which is full all the time would have generated much more income than one at the front, which would be occupied on Bank Holiday weekends if you were lucky. So is the different yield reflected in the prices? Do you get a big discount for buying a worthless one at the front? Did they just sell the spaces at the front to punters, keeping the ones at the back which would generate most of the income for themselves? Who knows. Did you even ask the question or consider whether yours was a prime space before you bought it?

(Incidentally the same issue would apply in a neat white rectangles, turn up and park where you like car park - the spaces near the entrance are always going to fill up more quickly than the ones in the far corner, so why would they all have the same value? It doesn't matter now as the basis of the scheme has changed and it's going down the pan anyway, but anyone who bought a space without thinking about these issues was obviously rather naive).

PPPaaa

Has anyone been approached by Oakley and Lester to purchase their plot. What is your advice please?

eskbanker

PPPaaa wrote: »

Has anyone been approached by Oakley and Lester to purchase their plot. What is your advice please?

Start by reading https://www.actionfraud.police.uk/a-z-of-fraud/fraud-recovery-fraud and treat the approach with extreme suspicion, especially if/when there are any requests for you to pay them any money in advance....

Katiewhy2

I believe it is a scam- They promise you lots of money for your space and then ask for about £5k up front to secure it.

JaParis

For those who made their claim, Can we do it by email with all supporting documents or should we mail soft copies?
Thanks